New Delhi: State Bank of India (SBI) has re-introduced its special fixed deposit scheme – Amrit Vrishti. The country’s largest private sector bank has announced that the term deposit plan came into effect from April 1, 2025.
SBI is offering a rate of interest of 7.05 per cent for the specific tenor scheme of ‘444 days’. The senior citizens are entitled to get 0.50 extra, i.e. a rate of interest 7.55 per cent and super senior citizens will get an interest rate of 7.65 per cent.
Amrit Vrishti Deposit Eligibility
The bank has set the minimum amount of investment in the SBI Amrit Vrishti scheme as Rs 1,000, with no maximum investment limit. The Domestic Retail Term Deposits including NRI Rupee Term Deposits (< Rs 3 crore).
New and Renewal of existing deposits and Term Deposit and Special Term Deposit only.
The aspects which are excluded from Recurring deposits: Tax savings deposits, Annuity deposits, Motor Accident Claims Annuity Deposits (MACAD), Multi Option Deposits (MODs), Capital gains scheme and NRI deposits of staff and senior citizens.
The SBI Amrit Vrishti account can be opened online or by visiting the nearest SBI branch. The SBI employees and SBI pensioners get additional interest rates. The scheme holders are eligible to get loan facility.
SBI has re-introduced the Amrit Vrishti FD scheme with a special period of 444 days. Now in this scheme, common citizens will get 7.05% interest and senior citizens will get 7.55% interest, whereas earlier this rate was 7.25% and 7.75%. Super senior citizens will get the benefit of 7.65% in this. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
